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Shark Tank Mogul Anupam Mittal Reveals Golden Rules for Startup Breakthrough!

Published 1 week ago3 minute read
David Isong
David Isong
Shark Tank Mogul Anupam Mittal Reveals Golden Rules for Startup Breakthrough!

Anupam Mittal, a prominent angel investor and judge on Shark Tank India, recently shared invaluable insights for aspiring entrepreneurs, emphasizing the critical role of 'hustle' in building a successful business. He highlighted that the primary obstacle to success is often the fear of rejection, asserting that validating an idea doesn't necessitate consultants, extensive market research, or a hefty bank balance. To motivate and inspire budding entrepreneurs embarking on “0-1 journeys,” the 53-year-old founder of Shaadi.com offered three practical tips from his startup playbook.

Mittal's first piece of advice is to “Spin up a WhatsApp group.” He suggested that aspiring entrepreneurs should create mock-up product shots, which can be generated for free using artificial intelligence, and share them with friends, family, and even random people. The goal is to gather honest feedback by simply asking, “What do you think?” This informal yet effective method helps gauge initial interest and perception without significant investment.

Building on the initial feedback, his second tip is to “Expand the circle.” Entrepreneurs are encouraged to share the same mock-ups in broader online communities such as Reddit threads, Facebook groups, and other niche communities. Mittal considers it a definitive “green flag” if strangers begin to engage actively with the product concept, indicating genuine interest beyond one's immediate network.

The third crucial tip involves creating a “fake-but-functional site.” Mittal explained that a physical product or inventory isn't required at this stage. Instead, a website featuring realistic images can be set up to allow people to place ‘orders’. He firmly believes that “When people vote with their wallets, you nailed it.” For those unable to build a site, he offered a simpler alternative: “Put a poster on your community bulletin board with your 📞(phone number).” For the service sector, Mittal suggests an even more streamlined approach: “Create a deck, a landing page, a demo that looks alive. Sell first, deliver later.”

Drawing from his own experiences, Mittal elaborated on how he disrupted the market with his first company. He revealed, “That’s exactly how my first company SatyaNet funded our businesses, Shaadi.com, makaan.com, Mauj Mobile - we sold websites to others before we knew how to build them. Then we learned.” This personal anecdote underscores his belief in practical, proactive validation. Concluding his post, Mittal urged entrepreneurs to “Stop hiding behind ‘no time’ and ‘more research’,” encouraging immediate action over prolonged deliberation.

The concept of a “0-to-1 product” refers to the creation of a brand or a new product entirely from scratch, as defined by Prod Pad. This initial phase involves identifying a genuine problem and validating a novel solution, often characterized by limited data, uncertain demand, and the absence of an established roadmap. In contrast, the “1-to-n approach” focuses on scaling or improving an existing product or service. Anupam Mittal, with an estimated net worth of ₹185 crore as of 2024, exemplifies the success that can be achieved through this lean and agile approach to entrepreneurship.

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